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It’s deja vu all over again for the regional banks.
This credit-rating agency has finally acknowledged China’s intensifying problems of the past 24 months and downgraded the country’s debt outlook.
The rating agency also cited political brinkmanship in Washington as a factor behind its decision to slash the outlook for U.S. government debt.
S&P Downgrades Several American Regional Lenders Due To Capital Issues.
Moody’s slashed the credit ratings of several small to mid-sized American banks and warned that it may do so to others.
